Deutsche Bank is out wit ha quick note on the tariffs:Quick summary of President Trump's announcements: tariffs on the American continent are lowerthan expected, European tariffs are as expected, tariffs on Asia significantlyhigher than expected. There should be a straightforward FX re-adjustmentbetween Asia FX (weak) and Latam FX + CAD (strong) in coming days.Going forward, they are watching for whether China will allow yuan devaluation or will try to negotiate away the 20% fentanyl portion of the tariffs.The negative global spillover to the rest of theworld in coming days will largely be determined by the extent to which Chinaallows the policy-determined USD/CNY to move materially above 7.20 or decidesto do more fiscal stimulus instead.That's some straight-forward analysis.My guess is that China lets it play out for awhile and lets the US alienate its allies, while stepping into the void. This article was written by Adam Button at www.forexlive.com.
21 hours Ago By Adam Button
Deutsche Bank is out wit ha quick note on the tariffs: Going forward, they are watching for whether China will allow yuan devaluation or will try to negotiate away the 20% fentanyl portion of the tariffs. That's some straight-forward analysis. My guess is that China lets it play out for awhile and lets the US alienate its allies, while stepping into the void.
.
Delhi Fast-Tracks Infrastructure with High-Level Committee A...
